Legal Supervision Of Foreign Banks In China's Post-wto Era

The financial industry occupy the core status of economic realm, especially in the background of the gradual integration of the current global economy, the development of financial industry plays an important role on the globe economy. After joining WTO, China has been opening the financial industry in accordance with the WTO commitments, at the end of 2006, China has completed all commitments and opened the domestic financial markets to foreign banks in the round. On the one hand foreign banks benefit China's financial sector reform and promote domestic financial sector improve working efficiency, but on the other hand, foreign banks will increase the possibility of global financial risk transmitting, bring a new challenge to China's regulation of foreign banks. Strengthening the risk control of foreign banks has become an important part of legal supervision to foreign banks in the post-WTO era.On this basis, firstly, my graduation thesis combines with our country's WTO commitments of foreign banks to analyze the development of China's foreign banks and the current policy and system on legal supervision of foreign banks in the first chapter. Then in the second chapter my thesis introduces the foreign bank regulatory regime in the world's major countries and regions, Basel II regulatory regime of regulation on foreign banks, and analyzes the merit and defect in these regimes, in order to give some advices to China's current regulatory system on foreign banks. Finally, in the third chapter my graduation thesis points out our country's supervision deficiencies on legal system, the regulatory organization, the distribution of power, and the ways and means of risk control on foreign banks, puts forward a proposal to consummate China's current foreign bank regulatory system, as to give legal suggestions to enhance the risk control and maintain the stable operation of the our country's financial system in the post-WTO era.